Audit Sampling

Upon successful completion of this program, the user should be able to: Discuss sampling and nonsampling risk Discuss sample size selection for both attribute and substantive testing Explain common sample size selection related to smaller populations Explain sample selection when multiple locations are involved
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Audit Risk Alert: Employee Benefit Plans

Upon successful completion of this program, the user should be able to: Describe the role of certified information for the auditors of employee benefit plans Explain where participant loans are to be reported Discuss the disclosures related to uncertain tax positions Identify items that would constitute a material weakness Discuss requirements for required supplementary information
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Audit Reports

Upon successful completion of this program, the user should be able to: Identify the sections in the clarified literature addressing changes in the audit report Discuss the captions required within the audit report under the clarified guidance Explain what results in a modified audit opinion and how, under the new guidance, a report may be modified
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Audit Documentation and Workpaper Review

Upon successful completion of this program, the user should be able to: Discuss the primary goal of audit documentation in accordance with GAAS List areas that need strong documentation according to GAAS Identify ways to improve audit effectiveness and efficiency Identify ways to improve the effectiveness and efficiency of clearing workpaper notes Explain which member of the engagement team does the most detailed review
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Asset Impairment

Upon successful completion of this program, the user should be able to: Define impairment Identify where the applicable accounting literature may be found Identify the bases of accounting to which the guidance applies Determine how frequently nonamortizable, nongoodwill intangibles need to be assessed for impairment Determine how frequently property, plant, and equipment held and used should be tested for impairment Explain how property, plant, and equipment held for sale is accounted fo...
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Application of COSO for Smaller Companies

Upon successful completion of this program, the user should be able to: Discuss the COSO Internal Control—Integrated Framework, its background, objectives, and components Explain the importance of employing a risk-based approach when developing an effective internal control system Discuss the control environment, its seven underlying control principles, and its importance in developing an effective internal control system Discuss the importance of risk assessment and the impact different...
Bisk CPEasy

An Overview of the Impact of IFRS Convergence on Private Entities

Upon successful completion of this program, the user should be able to: Discuss the history and function of the International Accounting Standards Board (IASB) Explain the basis for the change, and the pathway to International Financial Reporting Standards (IFRS) convergence Discuss the reporting transition issues and global convergence tasks List benefits of global IFRS for private entities Discuss the International Financial Reporting Standard (IFRS) for Small and Medium-Sized Entities ...
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Advanced Fraud Techniques

Upon successful completion of this program, the user should be able to: Define fraud List the three elements necessary to prove fraud Evaluate the risks of fraud and implement the processes, procedures, and controls needed to mitigate the risks Develop an appropriate oversight process Identify the symptoms of fraud Discuss how accounting anomalies can help detect fraud Identify theft investigation methods Explain concealment investigation methods Discuss how to obtain documentary evid...
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Advanced Forensic Accounting

Upon successful completion of this program, the user should be able to: Define forensic accounting Identify types of litigation service roles of a forensic accountant Explain reasons for initiating fraud investigations Identify the differences between financial statement audits and fraud investigations List the steps in conducting a fraud investigation Cite the key elements in obtaining a successful interview Identify the elements in conducting an admission-statement interview Explain ...
Bisk CPEasy

Accounting for Stock-Based Compensation

Upon successful completion of this program, the user should be able to: Explain the basic principles of the APB Opinion No. 25 model Discuss the SFAS No. 123 and SFAS No. 123(R) models, including reasons why SFAS No. 123(R) was issued Describe the key provisions of FASB ASC Topic 718 Describe the areas the framework of FASB ASC 718 provides guidance for Discuss valuation techniques and option pricing models Determine whether an award should be classified as equ...
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Accounting for Income Taxes

Upon successful completion of this program, the user should be able to: Distinguish between the objectives of calculating the tax liability and financial reporting Discuss the basic principles of tax assets and liabilities Explain the balance sheet approach of accounting for taxes Describe taxable temporary differences Determine the causes of taxable temporary differences Identify what distinguishes permanent differences from temporary differences Identify the steps in measuring deferre...
Bisk CPEasy

ACCOUNTING FOR BUSINESS COMBINATIONS

Upon successful completion of this program, the user should be able to: Discuss the reasons why the FASB decided to require use of only the purchase method Explain the Accounting Standards Codification® and Accounting Standards Updates for business combinations and intangibles, including goodwill and other intangible assets Define a business, a business combination, and fair value Define common control and accounting for combinations under common control Discuss SEC guidance on retroacti...
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ACCOUNTING AND REPORTING FOR OCBOAS

Upon successful completion of this program, the user should be able to: Identify the current special purpose frameworks and which ones are OCBOAs Discuss the advantages of using a special-purpose framework Describe the note to the financial statements that results from using a special-purpose framework Discuss notes to the financial statements that are required without regard to the basis of accounting used
Bisk CPEasy

Estate Tools and Trusts

Course Description: This course will go over the different estates, as well as the transfers associated. Danny Santucci will also address the special planning tools and how to benefit from them. Learning Objectives: Upon successful completion of this course, participants will be able to: Identify the key participants and their roles in a coordinated estate plan Explain probate process including trust administration Compare and contrast specialized estate planning t...
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EQ vs. IQ: The Secret to a CPA's Success

Course Description: EQ allows us to understand an event, dictates how we respond to that event, and thereby helps us change our feelings about each event as they occur. This course is going to show you the secrets to becoming a successful CPA. Learning Objectives: Upon successful completion of this course, participants will be able to: Understand the difference between Emotional Quotient (EQ) and Intellectual Quotient (IO) Understand the general measurement tools us...
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Enron: Fraud, Deception and the Aftermath

Course Description: The Enron case has torn apart the accounting and auditing profession like no other development. Based on exhaustive research in to Enron by the course author, this course is divided in to three sections as follows: Section 1 emphasized the four special-purpose entities (SPEs) that brought Enron down. Section 2 addresses the Sarbanes-Oxley Act, and its requirements for auditors. Section 3 focuses on recent fraud statistics and an analysis of the new auditor fraud requi...
CPEcredit.com

Enron: Fraud, Deception and the Aftermath

Course Description: The Enron case has torn apart the accounting and auditing profession like no other development. Based on exhaustive research in to Enron by the course author, this course is divided in to three sections as follows: Section 1 emphasized the four special-purpose entities (SPEs) that brought Enron down. Section 2 addresses the Sarbanes-Oxley Act, and its requirements for auditors. Section 3 focuses on recent fraud statistics and an analysis of the new auditor fraud requi...
CPEcredit.com

Employment Taxes

Course Description: This course will go over the different employment taxes including federal income tax withholding and federal unemployment tax. This course will take you into the IRS investigations and cases, as well. Learning Objectives: Upon successful completion of this course, participants will be able to: Recognize the funding sources for the federal government Understand an employer’s income and employment tax withholding and reporting requirements Under...
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Derivatives & Hedging for Accountants - QAS

Course Description: This course provides an “accountant-friendly” overview of financial risk management and derivative instruments. This overview focuses on the various types of risk that impact financial markets today, as well as the four major categories of derivatives commonly used to hedge these risks (i.e. forwards, futures, swaps and options). Learning Objectives: Upon successful completion of this course, participants will be able to: Define the various ty...
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Current Developments in Accounting

Course Description: The purpose of this course is to inform the reader of the various changes affecting the accounting professional related to accounting and financial reporting. Learning Objectives: Upon successful completion of this course, participants will be able to: Identify the key changes proposed in the revenue recognition project Recognize the differences between IFRS for SMEs and IFRS Identify some of the 12 recommended principles for the Comprehensive Busin...
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Cost Management - Accounting and Control

Course Description: This course covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. Emphasis is placed on how to manage costs strategically in order to be globally competitive. The course is designed for managers and entrepreneurs who seek continuous improvement (CI) strategies. Topics include analysis of costs; job order and process costing; break-even and contribution analysis; activity-based costing (ABC); balanced score...
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Corporate Fraud Statistics

Course Description: Security experts estimate that as many as 30 percent of all employees do steal, and that another 60 percent will steal if given sufficient motivation and opportunity. The current economic hard times only add to the temptation of personnel to take what does not belong to them. This means that it is estimated that only 10 percent of employees will not steal under any circumstances. The least expensive way to fight corporate fraud within your organization or those o...
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Corporate Fraud Investigators

Course Description: In July 2002, President Bush formed a task force comprised of senior executives from various federal agencies to address the barrage of corporate fraud cases that surfaced in the wake of the Enron scandal. As the primary agency investigating corporate fraud, the FBI has focused its efforts on cases which involve accounting schemes, self-dealing by corporate employees, and obstruction of justice to conceal fraudulent activities from criminal and regulatory authoritie...
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Complete Business Math for Accountants

Course Description: This course provides accountants, managers, and business entrepreneurs with the information, analyses, and insights necessary to analyze and calculate the consequences of a wide range of business financial strategies and problems. The ability to select the right operational technique is vital if the business is to survive, profit, and grow in today’s uncertain economic environment. The owner of a small business must be able to make the right financial decision bas...
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Compilation and Review Engagements—Practical Application Issues

Course Description: This material contains discussions of the general requirements for compilation and review services, as well as practical concepts and application issues related to both levels of service. Practitioners at all levels regardless of practice concentration who would like a better understand of how to apply professional standards to compilation and review services in practical ways can benefit from taking this course. Learning Objectives: Upon successful comp...
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Compilation and Review Engagements—Current Issues

Course Description: This material covers current issues affecting compilation and review engagements and focuses on SSARS No. 19. Practitioners at all levels regardless of practice concentration, who would like an update of all current issues affecting compilation and review will benefit from this course. CPAs in industry and non-profit organizations who require a current knowledge of compilation and review services to determine the appropriate level of service for their organizations ca...
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Choice of Entity

Course Description: Sole proprietorships are the simplest business form since they are not separate tax or legal entities but rather, extensions of the individual taxpayer that owns them. A taxpayer is a sole proprietor if self-employed and the sole owner of an unincorporated business. The business has no existence apart from the owner. Its liabilities are the owner’s personal liabilities. This course will take you through everything you need to know regarding entities. Learn...
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Business Combinations and Consolidated Financial Reporting

Course Description: In December 2007, when the FASB, after many years of deliberation, simultaneously issued two new standards reflected in the Codification as ASC 805, Business Combinations, and ASC 810, Consolidation. These statements, which require prospective treatment for new business combinations having fiscal years beginning after December 15, 2008, mandate what is referred to as the acquisition method. Moreover, the purchase method of accounting will no longer be permitted for ...
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Balance Sheet Reporting: Liabilities

Course Description: This course discusses the accounting, reporting and disclosures associated with liabilities covered in ASC 210-10-45-5 through 45-12 and 470-10, Balance Sheet: Overall. Other topics covered include: · Loss contingencies · Compensated absences · Termination benefits · Troubled debt restructuring · Refinancing of current to non current debt · Callable obligations by creditors · Issuance of bonds ...
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Balance Sheet Reporting: Assets

Course Description: This course discusses generally accepted accounting principles (GAAP) for assets. It includes a discussion of accounts and loans receivable, inventory, prepaid expenses, fixed assets, capitalized interest, and exchange of assets. Other topics covered include: Impairment of assets Involuntary conversion Intangibles Transfer of financial assets Learning Objectives: Upon successful completion of this course, participants will be able to: Properly ac...
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Auditing Developments - QAS

Course Description: The latest developments affecting audit engagements are addressed in this course. Part of planning an audit involved consideration of the business and economic environment in which the client operates. Thus, auditors need to be aware of the various types of fraud that clients and employees may be committing, especially in light of myriad lawsuits against auditors and accountants. In addition to applying techniques to limit their liability to their clients and third ...
CPEcredit.com

Analysis and Uses of Financial Statements

Course Description: Analysis and Uses Of Financial Statements is a primer for financial statement analysis. This course is designed specifically for interested parties who must understand how to read, interpret, and analyze financial statements. This course describes in clear, concise, and understandable language the intricacies of financial statements, and their use by investors, creditors, analysts, auditors, and other interested parties. This course can enhance your chance for succes...
CPEcredit.com

Accounts Receivable: Best Practices for Small to Medium-sized Commercial Entities

Course Description: This course explores each functional area, starting with the sales function, and the best practices that relate to accounts receivable management. Credit and collections will each be discussed followed by accounts receivable management administrative best practices, which will include portfolio review, internal controls and payment application. Banking best practices as they relate to accounts receivable management will be explored last. Learning Objectives...
CPEcredit.com

Accounting Practitioner’s Documentation for Risk Management

Course Description: This informative course delivers knowledge on a variety of topics from engagement documentation and retention to record retention for risk management. The types of engagements covered include individual client engagements, compilation engagements, review engagements, audit engagements, and attestation and litigation engagements. Learning Objectives: Upon successful completion of this course, participants will be able to: List the key points to cover i...
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Accounting For Pension & Post-Retirement Benefits

Course Description: This course will help you sort through the major types of pension plans and understand specific terminology related to these plans. This course also presents reporting by a trustee for the plan, including the requirements surrounding pension plan financial statements. Learning Objectives: Upon successful completion of this course, participants will be able to: Explain the reasoning behind FASB’s and IFRS’s pension accounting requirements, and d...
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Accounting for Leases

Course Description: Many U.S. companies have become heavily involved in leasing assets rather than owning them. For example, according to the Equipment Association (ELA), the global equipment-leasing market is a $600-$700 billion dollar business, with the U.S. accounting for about one-third of the global market. Any type of equipment can be leased, such as railcars, helicopters, bulldozers, barges, CT scanners, computers, and so on. The largest group of leased equipment involves inform...
CPEcredit.com

Accounting for Derivatives

Course Description: A derivative is a financial instrument or other contract that derives its value from the movement of prices, interest rates, or exchange rates associated with an underlying item. Uncertainty about the future fair value of assets and liabilities or about future cash flows exposes firms to risk. One way to manage the risk associated with fair value and cash flow fluctuations is through the use of derivatives. This course addresses the accounting and disclosure requireme...
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Accounting Changes & Error Corrections

Course Description: This course covers the accounting, reporting, and disclosures associated with changes in accounting principles (method), estimates, and reporting entities as stipulated in ASC 250-10-05, Accounting Changes and Error Corrections: Overall (FAS-154, Accounting Changes and Error Corrections – A Replacement of APB Opinion No. 20 and FASB Statement No. 3) Learning Objectives: Upon successful completion of this course, participants will be able to: List ...
CPEcredit.com

Accountant's Guide to Special Engagements

Course Description: The purpose of this course is to review, recall and identify the changes that SSAE No. 10, Attestation Standards: Revisions and Recodification, made to the Attestation Standards. Additionally, the overall theme of special reporting issues, including guidance found in AUC Section 800: Special Considerations- Audits of Financial Statements Prepared in Accordance With Special Purpose Frameworks (formerly found in SAS No. 62, Special Reports), is covered. You will gain ...
CPEcredit.com

Accountant's Guide To Compilation and Review

Course Description: This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the author and sponsor are not engagement in rendering legal, accounting, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought—from a Declaration of Principles jointly adopted by a Committee of the American Ba...
CPEcredit.com

A Guide to IFRS

Course Description: International Financial Reporting Standards (IFRS) is the framework used by many publicly traded companies around the world today to report their financial results. With support from important constituencies, the SEC and the FASB have taken several steps toward what will be a major transition from accounting and reporting framework currently in place in the United States to IFRS. In an effort to better understand how convergence will affect financial reporting in the ...
CPEcredit.com

401k - ADP / ACP Testing

Course Description: All 401k plans are required to undergo a series of annual tests. The type of tests required for your plan will depend partly on the benefits provided, as well as the features and options outlined in your plan document. Some tests involve making sure simple limits are not exceeded. Other tests are designed to ensure that (Officers, Directors, Key Employees, etc.) don't receive a majority of the benefits available in the plan: These are tests referred to as Anti-discrim...
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401k - A Basic Guide

Course Description: This course will provide you with a basic understanding of 401k plans. Understanding 401ks can provide a key (or a benchmark) to help you understand and remember the basics of other retirement plans, like SEPs, and Defined Benefit plans. The material covered (in the 401k Basics section) is designed for a beginner or novice; but the tables, terms and acronyms will be helpful to just about everyone interested in 401ks. Learning Objectives: Upon successful ...
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XBRL Reporting

This course will begin by recapping why and how XBRL came into existence and then defining XBRL. We will next discuss a few of the more common uses of XBRL reporting and some of its benefits. Next, you will be introduced to how XBRL reporting works through the use of taxonomies and specifications. As part of this process, you will be provided with a glossary of the more common XBRL related terminology.Finally, this course will provide you with a list of resources for further education and tr...
American CPE

Who Commits Fraud and Their Methods

Many people consider accounting a tedious job, but not John Lewis. Throughout his three-year tenure with Unified Trucking he had ostensibly been a model employee, missing only a few days of work and conquering the Herculean task of bookkeeping single-handedly. The company�s continued growth and profitability were the only indications management had ever needed to determine that John performed his job well. His professionalism and dedication made supervision unnecessary. John insisted on ha...
American CPE

Unlimited Accounting & Auditing Library

Order this special, immediately downloadable 10-course Accounting & Auditing Library! Get Unlimited CPE for One Year! No grading or other fees of any kind! This special CPE library includes the following courses: Major Changes to Auditing Standards- Auditing Standards Board Clarity Project -SAS 122-125 Objective: To review recent major changes in auditing standards. This course explains the significant changes made to auditing standards by the Auditing Standards Board�s Clarity Proje...
American CPE

Understanding the New Consolidation Rules

Objective: To review the complexities of the new consolidation rules related to off-balance sheet (variable interest) entities. This course is the leading authority in understanding the new highly complex consolidation rules for off-balance-sheet entities (variable interest entities) found in FASB Interpretation No. 46. Topics include: � Determine whether and entity is a VIE � Define types of variable interests � Who is the primary beneficiary that consolidates the VIE � Off-balance-s...
American CPE

Specialized Industry GAAP

This course discusses all of the important authoritative pronouncements on GAAP for specialized industries. This course addresses accounting principles, financial reporting presentation requirements, required and recommended disclosures for such industries as, banking, broadcasting, cable television, computer software, franchising, insurance, motion picture, record and music, government contracts, oil- and gas-producing, real estate, not-for-profit, finance, and mortgage banking industries. M...
American CPE

Revenue Recognition: Rules & Standards

A record number of companies are revising their financials in 2007. The most frequent cause of financial restatements was revenue recognition, which accounted for over 20 percent of all restatements in 2007 and 20 percent during the past five years. This course covers the accounting, reporting, and disclosures associated with revenue recognition for the sale of products or rendering of services. Revenue involves a gross increase in assets or decrease in liabilities. Revenue may be recognized...
American CPE

Making Money With Special Engagements

Objectives: The objective of this course is to review the changes that SSAE No. 10, Attestation Standards: Revision and Recodification, made to the Attestation Standards. Additionally, the overall theme of special reporting issues, including guidance found in SAS No. 62, Special Reports, is covered. You will gain an understanding of the foundation of Attestation Standards and of the fundamental and key changes that SSAE No. 10 made to the existing standards. Content: The Auditing Standar...
American CPE

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